Economy

Windows of new Tejas Express damaged by miscreants

Windows of new Tejas Express damaged by miscreants The first run will begin soon after the inauguration and is expected to build traction by June. Railways plan to introduce similar trains on Delhi-Chandigarh and Delhi-Lucknow routes soon. A screen for every passenger, cuisine curated by celebrity chefs, WiFi, sensor taps and a bright, yellow look. There is an increase of more than 20 per cent in the base fare for Tejas as against the Shatabdi... [Full Article...]

Ford set to fire CEO Mark Fields as shares founder

The report has no information regarding Mark Field's next career move. As recently as last week, Fields, 56, had been trying to strengthen Ford's bottom line by cutting 1,400 salaried jobs. In this role, Hinrichs will oversee Ford's global Product Development; Manufacturing and Labor Affairs; Quality; Purchasing; and Sustainability, Environmental and Safety Engineering; Hinrichs has been ser... [Full Article...]

Mercedes-Benz, Vivint to power solar homes

Mercedes-Benz, Vivint to power solar homes Vivint Solar , based here, is collaborating with Mercedes-Benz to take on Tesla and other providers in the residential solar energy and storage market. Vivint Solar , a Utah-based installation company with customers in 16 states, offers custom services for homeowners, including solar panel installation, smart home systems and storage. [Full Article...]

S&P 500, Nasdaq notch record closes as oil jumps

S&P 500, Nasdaq notch record closes as oil jumps The S&P 500 .SPX was down 0.77 points, or 0.03 percent, at 2,401.55, easing from an all-time high of 2,405.77. The tech-heavy index has outperformed both the S&P 500 and the Dow Jones Industrial Average in 2017 as investors have piled into the shares of companies thought to benefit from US economic growth. [Full Article...]

Bank of England ups inflation forecast and lowers growth

Growth slowed sharply to 0.3 per cent in the first three months of the year from 0.7 per cent in the previous three months. Despite BOE governor Mark Carney warning only last February of the "twists and turns" heading into Brexit - nearly immediately proved true in mid-April when PM Theresa May called for general elections to be held on the 8th of June this year - the BOE remains optimistic over... [Full Article...]

BHP Billiton gives promising update on Jansen mine

The statement from Elliott comes after BHP dismissed the hedge fund's "shareholder value unlock plan". Media stories about BHP Billiton Limited (NYSE: BHP ) have been trending somewhat positive this week, AlphaOne Sentiment reports. "Under Elliott's revised proposal, BHP would stay incorporated in Australia, Australian headquartered and Australian tax resident, retaining full ASX and LSE listi... [Full Article...]

Disappointed With UBS Loss, Singapore's GIC Fund Slashes Stake

Disappointed With UBS Loss, Singapore's GIC Fund Slashes Stake UBS Group AG will not receive any proceeds from the Transaction. But GIC continued to nurse deep losses on the UBS investment, a situation made worse by several scandals that the Swiss bank was caught up in. The sovereign wealth fund became UBS' largest shareholder during the financial crisis as it stepped in with a series of rescue cash injections in 2007 and 2008, with the stake peaking at 7... [Full Article...]

Snapchat's growth stalls in Facebook's shadow in 1Q report

Snapchat's growth stalls in Facebook's shadow in 1Q report Snapchat posted daily active users of 166 million in the most recently ended quarter, which represented a 36% increase from the same period one year earlier. Analysts say Snap will have to keep doing what it did today on the eve of is conference: introducing new features that make the platform attractive to its user base, so it continues to grow. [Full Article...]

Markets Right Now: Stocks open lower on Wall Street

Markets Right Now: Stocks open lower on Wall Street US stocks fell, with the S&P 500 Index posting its first back-to-back decline in one month, as April consumer prices and retail sales reports reinforced expectations for tepid economic growth while Nordstrom Inc. Stock movers: After the Macy's Inc.(M) revenue slide dragged the retail sector south Thursday, J.C. Penney Co.'s (JCP) earnings report ahead of the open should be closely watched fo... [Full Article...]

Judge Approves Final Volkswagen Consumer Settlement

Judge Approves Final Volkswagen Consumer Settlement The emission-cheating scheme has cost Volkswagen more than $20 billion in fines and settlements, in addition to goodwill among some US drivers. Last month, former deputy USA attorney general Larry Thompson was tapped to serve as independent monitor of Volkswagen for three years under a Justice Department plea agreement over its excess emissions. [Full Article...]

Pennsylvania AG charges Amtrak engineer in fatal crash

Pennsylvania AG charges Amtrak engineer in fatal crash The federal organization focused on a radio conversation between Bostian, a dispatcher and a SEPTA Regional Rail engineer who claimed rocks were being thrown at his auto around Frankford Junction, where Bostian's train was traveling. The family of a NY woman who was killed sought the criminal complaint after city prosecutors declined to press charges. The district attorney's office could appea... [Full Article...]

Tribune Media Company (NYSE:TRCO) Shares on the Go mid-Session

Tribune Media Company (NYSE:TRCO) Shares on the Go mid-Session The 52 week high Tribune Media Company's shares have peaked at is 43.04 whilst the 52 week low for the company's shares is 27.75. Revenue during the same period is expected to grow from $1.95 Billion to $2.26 Billion in 2020 and profit is predicted to shoot up from $14 Million to $219 Million in 2020, roughly growing 15.4x. [Full Article...]

Sensex, Nifty hit lifetime highs on normal monsoon forecast

On similar lines, the 50-share NSE Nifty gained 15.10 points, or 0.16%, to 9,422.40 after scaling a fresh intra-day high of 9,450.65. The 30-share index, which opened at 30,309.71, against previous close of 30,248.17 hit an intraday high and low of 30,366.43 and 30,207.11, respectively. [Full Article...]

Shares in Kohl's Co. (KSS) Acquired by Accuvest Global Advisors

Shares in Kohl's Co. (KSS) Acquired by Accuvest Global Advisors Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KSS . Finally, Soros Fund Management LLC purchased a new position in shares of Kohl's Co. stock. The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 21st. Kohl's Co.'s dividend payout ratio (DPR) is 61.16%. [Full Article...]

Eurovision 2017: Australia, Portugal and Poland through in first semi-final

Eurovision 2017: Australia, Portugal and Poland through in first semi-final Jon Ola Sand, Executive Supervisor of the Eurovision Song Contest, told the assembled press that the team were satisfied with the first Semi-Final of the Eurovision Song Contest. She will perform in the first half of the final. Now let's see how close your own results will be to tonight's semi-final, after the announcement of the 10 qualifiers! He said in March: "I'm just not sure it will happ... [Full Article...]

HUDCO IPO oversubscribed 3 times on Day 2

HUDCO IPO oversubscribed 3 times on Day 2 Issue size of the IPO is between Rs 1,128 crore - Rs 1,224 crore. Meanwhile, the category reserved for Qualified Institutional Buyers (QIBs) was subscribed 18 per cent and non institutional investors, 16 per cent. The IPO is a part of the government's disinvestment programme. The shares are being offered at a price band of Rs 56-60 per share. A discount of Rs 2 was also offered to all the eligib... [Full Article...]

Hertz, Called 'Dangerous' by Analysts, Gets Slaughtered After Brutal Quarter

Hertz, Called 'Dangerous' by Analysts, Gets Slaughtered After Brutal Quarter Company's distance from 20 day simple moving average is -6.81% and distance from 50-Day simple moving average is -18.16%. The stock's 52-week range is $14.32 - $53.14. The analysts estimated EPS for the higher end at 1.06 and lower end at -0.26 while the year ago reported earnings per share was 0.31. Finally, MKM Partners restated a "buy" rating and set a $29.00 price objective (down from $33.00... [Full Article...]

Positive global cues, strong rupee buoy Indian equities

Positive global cues, strong rupee buoy Indian equities Sensex closed higher 7 points at 29,933 level. "Major Asian markets have all ended on a positive note, barring SET and Shanghai index". On Monday, positive global cues and a strong rupee buoyed the benchmark indices to close on a flat-to-positive note. [Full Article...]

Tunnel with nuclear waste collapses in Washington state

A spokesman for the Washington Emergency Management Division said the state Emergency Operations Centre has been activated. "Our understanding is that the site went into immediate lock down, in which workers were told to seek shelter, and all access to the area has been closed". [Full Article...]

Energy secretary briefed on mishap at nuke site

The Department of Energy declared an emergency Tuesday at the Hanford nuclear site in Washington state following the collapse of a rail tunnel there. The site has been described in media reports as the most contaminated nuclear site in the United States. The U.S. established Hanford in the 1940s, and today it is considered the most toxic place in the United States, with a local contractor ... [Full Article...]